Hershey, Campbell Soup and General Mills get chart-watcher\’s nod

When it comes to companies in the consumer staples sector, the chief technical analyst at Miller Tabak is putting his bets on General Mills
, Hershey
and Campbell Soup
as December trading begins.

In a report Monday, Jonathan Krinksy noted that the Consumer Staples Select SPDR ETF
has shown relative strength on increasing momentum of late. Back in October, the ETF sold off after hitting a 52-week high.

Chart: Consumer Staples Select SPDR ETF

On General Mills, Krinksy said the stock recently broke above the $40.50-$40.70 resistance area. His target price on the stock is $44. The stock’s 52-week range is $41.06 and $36.75. Shares recently traded at $40.74.

Hershey has been a sweet place to be for longtime investors in consumer staples.

The stock’s return, including dividends, has been 119% since 2008. The past couple months, the stock has been trading sideways. But on Nov. 30, Hershey flirted with its September 52-week high of $73.42 on good volume, Krinksy said. His target price is $78. Shares recently traded at $72.93.

Campbell Soup shares have been gaining since June. The stock recently broke from its 3-month base of roughly $34-36, Krinksy said. His target price on Campbell is $39. Shares recently traded at $36.66.

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